Video : 88.5-metre superyacht Illusion Plus under construction

Chinese yard Pride Mega Yachts has announced a construction video of its superyacht Illusion Plus, which should be completed and launched this year. The project was announced in 2007, but was put on hold because of world economical crisis.

The yacht is built from a steel hull and aluminium superstructure to ABS class, will accommodate 12 guests and 25 crew members, in master suite, 2 VIPs, 2 doubles and 2 twins, with interior volume of 3,600GT.

Powered by twin 3,000hp Rolls-Royce diesel-electric engines, with a top speed of 16 knots and cruising speed at 14 knots with 5,000nm range.

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Italian firm Rosetti Superyachts has confirmed the sale of its first ever yacht. Sold to a European client, the 38-meter steel-hulled explorer yacht will be built to a concept designed by Hydro Tec, at the San Vitale shipyard in Ravenna, Italy.Scheduled to be delivered within 24 months of the start of the construction, Rosetti indicates that more information on the 38-meter yacht will be released in January. Based at the San Vitale shipyard, Rosetti says it has the capability to build yachts and supply vessels of up to 140 meters in length.Although Rosetti Superyachts was founded only in 2017 to try to compete in the superyacht space, the startup is part of the larger Rosetti Marino that was established in 1925, which primarily focuses on engineering and construction of off-shore plants and commercial ships such as ocean-going tugs and supply vessels. Its market cap now sits at €164 million on the Milan stock exchange.

Project Redwood, the 142-meter superyacht currently in-build at Lurssen, has now been moved to a floating dock as footage from social media shows. Due for delivery in 2020, the yacht is expected to become one of the 15 largest yachts in the world.Photo by @drDuuFirst announced in December 2015, Project Redwood was designed by Nuvolari Lenard. Features mentioned at the time include a sports and diving center on the lower deck, a number of tenders of up to 15 meters and two helipads. Expected to be built to PYC regulations, the yacht could have 20 staterooms for up to 36 guests.One of the largest projects known to be in development at the German shipyard, Project Redwood was the largest yacht ever sold by a brokerage firm according to Robert Moran, Moran Yacht & Ship's president. The design working on this project is the same that worked on building the 88-meter Quattroelle. Photo by @drDuuProject Redwood is also being referred to as Project Opus according to social media posts. The 142-meter is set to become one of a string of megayachts to be launched and delivered by Lurssen, which recently included the 135-meter Crescent, the 111-meter TIS and the 123-meter Al Lusail amongst others.

The first new build in Perini Navi's Voyager line is moving closer to completion as the new-build has now arrived to the yard's La Spezia facility. This follows from the yacht completing the first step of its construction at the yard's facility in Turkey.Perini Navi had announced the sale of this motor yacht to their client back in October 2017. Designed by Philippe Briand, similarly to the 73-meter Grace E built by the group, the tri-deck has 6 cabins spread across the main and lower deck with the owner's cabin located on the upper deck facing forward."The market is beginning to grow again and Perini Navi is and wants to continue to be among the key players worldwide." commented Lamberto Tacoli, chairman of Perini Navi. "The lines of the 56-meter Voyager are the result of an ongoing commitment to preserve the unmistakable Perini Navi style."Previously motor yachts delivered by the group were built under the Picchiotti Yachts brand, however, these two were consolidated under Perini Navi back in 2017. Earlier in May, Perini Navi Group announced the Tabacchi family acquiring 49.9% of the company in a deal that put the shipyard's valuation at over €54 million. The transaction saw the Tabacchi inject €27 million into the company for its expansion.

Footage on social media now shows that the 109-meter Oceanco, Project Bravo is ongoing sea trials. This follows the yacht being launched earlier last month. Designed by Nuvolari Lenard and Reymond Langton, the yacht is expected to be delivered by the end of this year."A bespoke project of such magnitude and splendor will always present interesting challenges and opportunities" says owner's representative, Burgess. "With Project Bravo we created a truly spectacular yacht whose excellence is a clear reflection of the commitment of a dynamic and professional project team".After the innovations introduced with "Alfa Nero", Oceanco Asked us to "raise the bar" and create another remarkable and revolutionary design, says Dan Lenard, senior partner at Nuvolari-Lenard. "Our approach with Bravo was to maintain a stunningly sleek profile without sacrificing any interior space. This new exterior style concept is bound to create a new design stream. It is important to us that we started this new stream together with Oceanco"

Earlier this week, Benetti has been preparing to launch its newest flagship, a 107-meter superyacht set to be delivered to Australian billionaire, James Packer once completed according to Australian media. Following delivery, she will become the 40th largest yacht in the world.This news comes as Benetti is gearing up for a first in its history, the upcoming launches of 3, 100 meter plus new builds, which it has been working on for the past 4 years. These yachts will be the first from the Italian shipyard with a 3-digit length and are set to overcome the yard's current flagship, Philipp Green's 90-meter Lionheart.With 3,800 GT of interior volume spread over 6 decks, the 107-meter yacht, which will be launched on Tuesday, has a 15.2-meter beam. FB277, as it has been called throughout the build, was project managed by Imperial Yachts, which are also involved with 3 new-builds at Lurssen currently.According to the Sydney Morning Herald, the yacht will be named IJE once completed, the initials of Packer's 3 children. The publication says the yacht will replace Packer's current 55-meter Amels, EJI. The yacht, delivered in 2018, was listed for sale in August asking €42 million in brand new condition and sold in September.Stuff previously reported James Packer to also be the owner of 87-meter explorer yacht Arctic P, a refitted ice-type vessel. Media have previously linked the Australian billionaire to the 50-meter Mangusta, Z as well as the 46-meter Leopard, Z Sydney. Previously, Packer also owned 52-meter Amels, Seahorse built in 1999.Valued at $3.5 billion by Forbes, James Packer sits as Australia's 8th richest man according to the publication. Son of media mogul, Kerry Packer, he became the largest share holder of Crown Resorts, one of Australia's largest casino groups. Earlier this year, Packer stepped down from its board.